Can I change my Medigap policy?
In most cases, you won’t have a right under federal law to switch Medigap policies, unless:
- You're within your 6-month Medigap open enrollment period, or
- You're eligible under a specific situation or guaranteed issue right (when an insurance company can’t deny you a Medigap policy). What are guaranteed issue rights?
After you bought a Medigap policy, you might find that it doesn’t meet your needs. You may want to change your Medigap policy, if:
- You're paying for benefits you don't need.
- You need more benefits.
- You want to change insurance companies.
- You want a policy that costs less.
You also have the right to switch or drop your Medigap policy in some situations under federal law. Check with your State Insurance Department about what rights you might have under state law.
Reminder: Make sure you apply no more than 63 days after your coverage ends. Keep copies of letters, notices, emails or claim denials as proof of your coverage being terminated. You may need to include these with your Medigap application to prove you have a guaranteed right.
If you want to drop your Medigap policy, contact your insurance company to cancel it. If you drop your Medigap policy, you might not be able to get it or any policy back later.